On Tuesday, O-I Glass Inc (NYSE: OI) was -1.15% drop from the session before settling in for the closing price of $12.18. A 52-week range for OI has been $10.08 – $19.04.
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It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 0.84%. When this article was written, the company’s average yearly earnings per share was at -63.04%. With a float of $152.50 million, this company’s outstanding shares have now reached $154.25 million.
The extent of productivity of a business whose workforce counts for 23000 workers is very important to gauge. In terms of profitability, gross margin is 17.28%, operating margin of 8.95%, and the pretax margin is -2.03%.
O-I Glass Inc (OI) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward O-I Glass Inc stocks. The insider ownership of O-I Glass Inc is 1.84%, while institutional ownership is 95.74%. The most recent insider transaction that took place on Aug 15 ’24, was worth 97,991. In this transaction SVP & Chief Financial Officer of this company bought 8,000 shares at a rate of $12.25, taking the stock ownership to the 350,846 shares. Before that another transaction happened on Aug 06 ’24, when Company’s Director bought 15,000 for $11.30, making the entire transaction worth $169,444. This insider now owns 84,227 shares in total.
O-I Glass Inc (OI) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.8 earnings per share (EPS) during the time that was better than consensus figure (set at 0.7) by 0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -63.04% per share during the next fiscal year.
O-I Glass Inc (NYSE: OI) Trading Performance Indicators
You can see what O-I Glass Inc (OI) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.75. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.91, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 1.89 in one year’s time.
Technical Analysis of O-I Glass Inc (OI)
The latest stats from [O-I Glass Inc, OI] show that its last 5-days average volume of 1.32 million was inferior to 1.74 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 22.96%. Additionally, its Average True Range was 0.46.
During the past 100 days, O-I Glass Inc’s (OI) raw stochastic average was set at 34.78%, which indicates a significant increase from 13.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.63% in the past 14 days, which was lower than the 51.71% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.74, while its 200-day Moving Average is $14.06. Now, the first resistance to watch is $12.18. This is followed by the second major resistance level at $12.33. The third major resistance level sits at $12.49. If the price goes on to break the first support level at $11.87, it is likely to go to the next support level at $11.71. Assuming the price breaks the second support level, the third support level stands at $11.56.
O-I Glass Inc (NYSE: OI) Key Stats
There are 155,722K outstanding shares of the company, which has a market capitalization of 1.87 billion. As of now, sales total 7,105 M while income totals -103,000 K. Its latest quarter income was 1,729 M while its last quarter net income were 57,000 K.
